Thread by @TraderL1z

This thread will serve as the foundation for all your investments if you are new to #crypto. I did it, my friends did it, and we all made x100 times our money🧵

1/ Do not buy into the "adoption" dream. When the adoption era arrives...
👇👇👇

Do not buy into the "adoption" dream. When the adoption era arrives, this #crypto game is over.

2/ You must understand that #crypto is a game of bullsh*t and narratives, and that the entire industry, Twitter, and communities promote this bullsh*t and illusion to keep more and more retail money pouring out of other people's pockets so they can make gains.

3/ It's mostly a #ponzi, and to keep it going they need another level of retail in the pyramid to come in.

You are probably going to lose your #money in this game if you don't play it correctly.

4/ Even if you are up right now, in 18-24 months you will probably have lost a lot of that.

Why?

Because in a system like this theres no magic involved. You can't take more money out than was put in.

5/ In the game of #crypto, everyone puts money into a pot, buying a token for an ever increasing price driven by the shilling of the early buyers.
Eventually those early buyers take their gains from the pot.

6/ Every single dollar of those gains comes from someone else who put money in.

The few "make it" at the expense of the majority who lose it. You'll see some deluded people describing #crypto as a "great redistribution of #wealth".

7/ Making it sound like its some financial revolution with money moving from the rich to the regular folk.
It isn't.

8/ In reality its money moving from the pockets of regular folk, to a minority of people, shillers, projects and vc's, who successfully managed to take out more than they put in.

It would be like if 100 people all put $10 into a hat, making a collective $1000.

9/ Only $1000 can be taken out. If 3 early people take out 10x gains, leaving $700. Then 5 slightly
less early people take 5x, leaving $450. Then 10 people manage to take 2x, leaving $250.

10/ Of the remaining people, 12 manage to get their $10 dollars back, leaving $130 to be fought over by the remaining 70 people who come out at a loss. We can't all make it.

A few will say "well surely thats the same as in all markets", No. Theres a difference

11/ This is a very mature speculative bubble in which 99% of tokens are not going to exist in a few years.

Imagine a #stock #market in which it was suddenly known 99% of the listed companies would be worthless in a few years but being held up by speculative nonsense.

12/ It would collapse very fast. Before playing this alt game you need to first ask yourself if you want to.

I personally don't give a sh*t about morals or ethnics in #crypto.

𝗬𝗼𝘂'𝘃𝗲 𝗿𝗲𝗮𝗱 12 𝘄𝗵𝗼𝗹𝗲 𝘁𝘄𝗲𝗲𝘁𝘀 𝘀𝗼 𝗳𝗮𝗿!!

You are just too intentional about your carrer!

You're next level!

Give @TraderL1z a follow if you've gotten value so far

Next:

13/ My attitude is that everyone getting into #crypto should know that it's a big scam of shilling, and if they don't, they have no business getting involved.

The problem is that an ever-increasing number of people are coming into crypto who don't understand this.

14/ These people believe #crypto is "the future" without realizing the points raised above, and the whole of CT and the industry work hard to ensure this delusion and misunderstanding takes place while they themselves cash out "making it" on the backs of those people.

15/ If you've made a lot of money in #crypto, you may think it was hard work and that your family and friends should be proud of your achievement.

Some people who've made it even go around bragging about charitable acts they've done or people they've helped. All that bulls*it.

16/ Every single one of those dollars came from the wallet of someone else who would suffer a financial loss. If you put in $1,000 and pulled out $10,000, a bunch of others out there will be down $9000.

✨You made an early purchase that's it.✨

Don't miss out on valuable information and resources – Get my content delivered directly to your email inbox: open.substack.com/pub/l1zle/p/th…

Stay ahead of the game by following me! My next thread is packed with valuable insights and strategies that will take your #trading and #crypto skills to the next level.